IRFC

Downtrend Remains Intact

continues to exhibit a clear bearish structure with the formation of lower highs and lower lows on the daily chart. The stock is trading near recent lows after a failed bounce, indicating persistent selling pressure. RSI is hovering near oversold territory, reflecting weak momentum, while ADX suggests the trend, though not extremely strong, remains biased downward. Unless the stock reclaims key resistance levels around 115–120, the outlook stays bearish with risk of further downside in the near term.